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. that includes 7 cents a share of negative impact about a because of superstorm sandy, because of those recovery efforts. what was the estimate, joe? >> i mean, the number that they're -- that we're seeing reported by reuters are -- i don't know whether that's yearly or what, but they're taughting fourth quarter of 1.48. >> fourth quarter, 38 cents. >> i saw that, but -- >> even with the seven cents back in, the estimate was 50 cents. >> this must have a lot on other stuff in it. the one that is sitting on the wire. we're getting some news from the company itself. but yeah, there is a -- does that include did they sell something or have a big gain? they might have. what did you -- >> 38 is what they say, plus the 7 cents. >> that is still below. >> below what the street would have been looking for and -- >> i doubt if they're going miss by -- you know, as stable a company as verizon is -- >> although the company is saying they were positioning themselves for growth in 2013. the story is the verizon sees opportunities in the fourth quarter to improve profits for 2013 means they probably threw a l
approved a $50-billion aid package for hurricane sandy relief, and senate majority leader harry reid said yesterday the senate could move swiftly to pass it. the controversial keystone xl pipeline may be back in play. the project has received approval from nebraska governor dave heineman this week. heineman approved a re-routing of the pipeline, which would transport crude oil from canada to the u.s. heineman said the route for the pipeline now avoids the state's sandhills region, which enviromentalists previously opposed, calling the region "environmentally sensitive." any move forward will have to be approved by the obama administration, which blocked progress of the project a year ago. superstorm sandy is taking a toll on corporate america. verizon blamed its $4.23-billion loss on storm costs. travelers insurance company turned a $394-million profit, but that was down from $618 million last year because of hurricane- related expenses. and delta airlines, which cancelled nealry 20,000 flights, had a net income of $7 million, off $425 million from a year earlier. despite near constant pl
to talk about the president's announcement and how the nra has responded since sandy hook. that's at the top of the hour, you do not want to miss it. now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income ta
that a beat, wouldn't you, despite some losses from superstorm sandy. shares fresh 52-week high. up more than $2 at 78.49. do we like travelers at this price? >> we do. if you like this price, you could potentially sell some puts, that allows you to collected premium and come in lower. the ceo has done a great job. you look at this low interest rate environment, he's honing the prices. that's why they'll do better in the future. >> on to verizon, fourth quarter loss, missed expectations, seeing strong subscriber growth, but impact from super storm sandy and pension costs hurting that phone carrier. herb greenberg was on the earnings call this morning and pointed out that as we get more and more platforms in the mix there will be competition, subsidy reduction as there was in the basic phone history in the ecosystem. that sounds not so hot there, jeff. what do you think of verizon. >> verizon has spent a lot of their network, the fios network. so verizon, short-term you will havae agn opportunity to buy ha here. verizon are moving forward. they're diversified. it would be nice to see stated an
million in 2009. >>> and reacting to last month's sandy hook tragedy, groupon has shelfed its gun-related deals and will review the entire category. a spokesperson says all scheduled and current gun-related deals have been put on hiatus while the companies reviews internal standards. that's the latest from the fox business network, giving you the power to prosper. we continue our "countdown to the closing bell" with cheryl casone. cheryl: okay, netflix earnings out tomorrow, but investors seemed concerned ahead of the release. back to nicole petallides at the new york stock exchange. >> reporter: so i'm talking a look here at netflix which is below the $100 mark once again. as you noted, we are waiting on the quarterly numbers. there's a couple of things to note here. the first is back in the third quarter they had a slowdown which prompted net public and to back off their earlier pledges of how many subscribers they would add, and most people are starting to think their subscription service going to end the way it started, rising costs that they've been facing, a lot of internet
the whole fight over sandy relief package, you know he lives by that advice. >> "starting point" with soledad o'brien starts right now. >>> our "starting point," lying and cheating, years of denials, lance armstrong comes clean and admits to oprah winfrey he used performance-enhancing drugs to win all seven of his tour de france titles. >> did you ever take banned substances to enhance your cycling performance? >> yes. >> is it enough? what about all of the stuff he left out? we'll examine his confession point by point. and john eustice and niccole cook and betsey andreu, lance called her a liar after she testified he was doping. >>> new developments in the attempted rescue of hostages in algeria. including americans. we'll have details in leave report ahead this morning. >>> wall street rising, s & p closes at a five-year high. what's behind the big boost. >>> the mystery behind manti te'o and his emergenimaginary girlfriend. >>> ray kelly will join us, janet robinson, newtown connecticut superintendent of schools and actress angie harmon. friday, january 18th. "starting point"
a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >>> welcome back, everybody. we're sort of doing sports all morning for unfortunate reasons because, of course, we're following up on the story about manti te'o a lot of questions about when he'll talk, maybe he'll have his oprah sit-down interview. the story of his girlfriend went from a tragic story to an absolutely bizarre story and now everybody is trying to figure out who was the one who created the fake girlfriend. was he the victim of a cruel hoax or was he the perpetrator of the cruel hoax. questions now about it does it change his nfl draft picks. and rosenhaus agency is here, and let me ask the question about the draft. does it make a difference this controversy because we really don't know what the
own netflix yesterday. sandy and were covering it. we couldn't believe the pop it had after-hours and exceeded that during the day trading. >> tissues for apple shareholders who are drying and need a cool cloth for the net flicks folks. david: extraordinary. 42%. >> completely beat the street. [closing bell rings] david: big, big moves verse. the overall market not moving all that big, but these big movers on both the upside and the downside. we have a mixed picture on all the indices here. we have the dow jones up 50 points. might settle around that mark. looks like it is settling a little lower, pulling back. the s&p up just a fraction right now. much less percentagewise than the dow jones. nasdaq of course taking all of that apple bad news in stride, leading that index down into negative territory. down about 23 points the russell 2000 having a little bit of a kick back from where it was yesterday, up 3 1/2 points. sandra: if the s&p david, holds onto the small little gain that it settled that is the 7th straight day of gains for the s&p 500. following apple's massive dro
action until a threshold was crossed at sandy hook elementary school in newtown, connecticut, last month. our cover story explains what's next. after a month of meetings with parents of victims, law enforecement and members of the national rifle association, president obama signed 23 executive actions that can be implimented without congressional approval. they include money for schools to hire a thousand security officers and restoring aid to research gun violence at the centers for disease control. "congress, too, must act, and congress must act soon." the president listed a half- billion-dollar effort that will need congressional approval to enforce universal background checks for anyone buying a weapon, reinstatement of the assault-weapons ban that expired, a ban on high-capacity ammunition clips defined as more than ten rounds, and more aggressive prosecution of gun laws. reaction was swift. "the vast majority of americans support common-sense gun regulation, and clearly the white house was listening." the national rifle association, which is reportedly planning to launch a daily tv
by superstorm sandy. >> dupont 2013, a cautious year with the slow growth world economy. how worrisome are those comments from the economic bellwether. >> j & j exceeds estimates. the full year forecast a bit below the streets, as investors pay close attention to new ceo alex gorsky. >>> the dow component reporting fourth quarter numbers of 38 cents. that was well below estimates. verizon said the results were impacted by superstorm sandy. we're just getting details now, david, on activations on things like the iphone, 6.2 million, not too shabby. >> the problem was not necessarily activations, carl. the key is simply that margins came in even worse than had been anticipated. this, after the company already guided them down a bit at the consumer electronics show a couple of weeks back. and there, of course, you're talking about operating koose i higher than anticipated. investors may be a little concerned today when you take a look at that chart there. now, listen, to carl's point, they're adding a lot of customers. they're activating a lot of devices. we talk often about the subsidy for the app
is bringing further misery to families trying to recover from sandy. staten island people who haven't had heat since october are taking refuge in tents. >> you can't describe it. unless you experience it, feel the wind biting at your skin it's hard to explain. >> reporter: and the cold weather is raising concerns about hypothermia at 30 below zero frost bite can happen in five minutes. temperatures aren't expected to rise until the weekend. >> threats north korea has they promise more rocket launches and a third nuclear test. leaders say they are targeting the united states. we are in the washington dc newsroom. >> reporter: officials in south korea analyzed a debrief and said north korea was testing for a missile that could travel 6200 miles which is far enough to reach the west coast. leaders say americans shouldn't be concerned at this point. they say a lot of work has to be done before north korea has the technology to mount a nuclear warhead on a missile . they are angry after the united states supported the un security council's move on tuesday that expanded sanctions against them for
applications rising, hurricane sandy hitting the east coast and home building about to rise again. >> mm-hmm. >> caller: i own a stock for less than a year and made good money on it, but there's questions about their cash flow. i was wondering if it's a good player or should i sell? the stock is called head waters, hw. >> no, speculative and you hit it out of the park. it's time to -- >> sell, sell, sell! >> you did real well, let's move on. i've got to tell you, i think once the stock goes up like that and is exactly as you said about it, take the money and run. paul in minnesota. paul? >> caller: hey, jim, how's it going? >> all right. how about you? >> caller: i've got a question about facebook. what do you think about the earnings report next week? >> i don't know, the stock has had a big run. i do like facebook, i've liked it since the last conference call. i'm not backing away. it's certainly a lot more exciting than say, apple, it may not be as good as google, but it's fine. it's fine. i think it's going to be good. i wish it would go back under $30 where it was the other day, tha
subsidy force the smart phones sold over the holidays and damage from superstorm sandy will. shares have been trading near 6 month low os falling practice before tonight's warning, they fell another 1% from this closing price and extended hours trading. leading the consumer sector was media giant c.b.s. it wants to get out of the outdoor billboard business. it plans on converting its outdoor ad business in north and south america into a real estate investment trust, and selling off the same business in europe and asia. the news fueled a rally in c.b.s., as well as, in two of its billboard competitors. c.b.s. shares jumped 7.9% on heavy volume to a new 52 week high. clear channel outdoor gained 6.8%. lamar, which also is converting to a real estate investment trust, rose 2.3%. home builders were strong thanks to the strong increase in new home construction in december. pulte group rallied 5.3% closing over $20 per share for the first time since the summer of 2007. news of more homes being built helped home improvement retailers home depot and lowe's. home depot is less than a dollar away
tainiously, they is focused on it too. writing, 7% hit from sandy, big numbers. the stock is down 30 cents. so i renew my efforts. find my something, what is wrong with verizon. i don't see it. find me what is wrong. nothing. just the questions with the margins. it is kind of unoable. and then i'm over across the street. it was a much worse than expected quarter. verizon eps misses leads the vz tombstone. so it is natural that the gang come to me and asks me what i thought. i don't know. in earnings season fine doesn't cut it. the stock is either great or bad, a or sell sell sell and a shortfall is bad. all of this mind you is coming in a total vacuum. what is left after the cost is selling the goods, we don't know. yet the stock is trading heavily and all downhill. so i guess it is really bad. pretty much intimate that by the time the morning begins. the stock starts to trade higher. the cfo has told the people that i can't hear that the company is confident that the margins will improve. cell phones, as you know, if you bought one are heavily subsidized and bangs the margins down. after
in claims from superstorm sandy, but that didn't hurt profits as much as analysts feared. travelers earned 72 cents per share last quarter, only about half what it earned a year earlier but more than five times estimates. shares responded nicely to the surprise, rallying 2.1%, pushing shares to a new high. two items to focus on with the two big phone companies. first, a.t.&t. is expanding its wireless business. the company is buying the retail operations, subscribers, and, most importantly, the wireless licenses of atlantic tele- network. the price was $780 million. a.t.&t. shares gained 0.5% while atlantic tele-network jumped 12.3%. the wireless carriers have been looking for spectrum to expand their services. verizon, meantime, reported quarterly results a nickel less than expected. like other carriers, while it sold a record number of smart- phones over the holidays, many of them came with heavy subsidies hurting short term profits. the stock gained 0.9%. it hit a two-month low last week. tomorrow night, we will hear from apple about its holiday quarter. this quarter, the anticipation h
go. stephanie comes back instantaneously, she is focused on it too. writing, 7% hit from sandy, big wireless numbers. the stock is down 30 cents. so i renew my efforts. find me something, what is wrong with verizon. i don't see it. find me what is wrong. nothing. just the questions of the margins. it is kind of unknowable. and then i'm over across the street. it was a much worse than expected quarter. >> verizon eps misses, reads the tombstone. so it's natural when the gang at squawk comes at me and ask what i thought of a rise in. i don't know. nothing wrong i can see. it is fine. and earnings season, fine doesn't cut it. the stock is either great or bad. it's either a buyer or a cell and a shortfall is bad. all of this, mind you, is coming in a total vacuum, and what verizon is going to say about the margins, what's left after the cost of selling the goods, we don't know. yet the stock is trading heavily and all down hill. so i guess it's a really bad. i pretty much intimate that by the time our morning show begins. i'm beaten down. and taken to the canvas defending this horizon.
of hurricane sandy. many people left with just a structure around them, no heat, just the studs where the walls once were. like the home where nbc's katy tur is visiting tonight, staten island in new york. good evening. >> reporter: good evening, brian. outside the real-feel temperature is about 6 degrees. inside, where people are living, it's about 32 degrees. it got so cold in here last night, these water bottles on the wall actually froze. and this home has heat. >> up. >> reporter: scott and dee mcgrath's whole life has been moved into one small bedroom. >> this is my dining room -- >> living room. >> living room -- >> bedroom -- >> bedroom and computer room. everything all in one. >> reporter: thermostat set to 90, actually temperature 65. downstairs, though, it's a whole other ball game. >> as you can see, we have a lot of exposed walls. >> there's a lot of people living like this. just because we have heat and electric back on doesn't mean we're actually staying warm. >> 39. >> 39 degrees. >> reporter: the mcgraths have been living this way for three months. in november, they pleaded for
so much. lori: one thing hurricane sandy taught us most gas stations can run out of gas in a disaster. you would think that would force an immediate shift to electric vehicles. the liz claman continues her coverage at davos, switzerland, at the world economic forum to rev up the discussion when if ever people will flock to all electric vehicles. liz: if you had to pick the biggest believer in the electric car revolution it would have to be guy sitting next to me, carlos ghosn, chairman and ceo of nissan-renault. can i call it a revolution? >> it is a revolution. it is happening. a revolution you don't always control the time but we're getting there. >> when you say getting there, you cut the price of the nissan leaf by 6,000 u.s. dollars. does that mean we're not that much there that you don't have to add a little incentive? >> this is something we foreseen from the beginning. we relocated production to the united states. we used to shift the cars and batteries from japan. unfortunately with the yen, production coming out of japan is the expensive. now that it is located in the united
: thank you. sandy? sandra: david up next we have two of the biggest global players out there. liz claman sat down with the ceo and president of hilton worldwide and marriott international together. hear what they have to say next. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] save on ground shipping (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. david: when you think of unindustries that got hammered during the financia
jersey areas. were a lot of hurricane sandy damage still is existing. the question is do you look at the facts, we have biological and social economic systems that are in play with rapidly changing global climate. seo keeps going up. it's important. maybe this is a problem that man has made? >> just recently it was that we could go forward and get $136 billion in investments from governments, they predict it would spur over $560 billion in investment from the private sector. so actually there is new industries to be created, whether it's geo- engineering or elsewhere. neil: you know congress' ability to take in the money and waste the money and lose the money. let's check out the president and first lady of the united states. ♪ [patriotic music playing] ♪ neil: what you make of that? >> you are investing in our country. when you say there is more certification, ice is retreating, glaciers are retreating. we have to do something about this area and hopefully the president will provide some leadership. this is a world problem and we need everyone engaged. neil: all right, thank
the purchases. each aircraft costs $200 million. wolf? >> sandy endo what does all of this mean for the future of the dreamliner? miles o'brien is a pilot and correspondent on pbs and an old friend. is it safe to fly, you think, these dreamliners? did the faa do the right thing? zf well >> well, you know, it's better to error on the side of the caution. there's no dreamliners in the sky so whether it's safe or not doesn't matter to you or i. i guess by definition it's unsafe because the faa has taken this very unusual action of grounding a whole fleet of airplanes. this happened with a dc-10 in 1989 after killing everyone on board. that was a maintenance issue, but the dc-10 aircraft ultimately never recovered its reputation. >> if these batteries are overheating, would that be enough to actually bring down a plane? >> you bet. fire on an airplane is one of the scariest things you can imagine. we've seen a couple of crashes in recent years involving fires from airplanes. of course, you remember value jet outside of miami. you remember the swiss air crash off the coast
. in any case, this is the fourth school shooting since last month's massacre at sandy hook elementary in connecticut. three of those four on college campuses. casey stegall live now at the lone star college campus and, casey, officials held a news conference a little while ago, yes? >> yeah, shepard. officials with the harris county sheriff's office who tell us that this all went down in between the library and an academic building right back here behind me. investigators and eyewitnesses say reports of up to 8 gunshots were heard. but authorities saying it's way too early to speculate what this argument was about that led to the gunfire. ironically, lone star college here had just rehearsed how to handle an active shooter. just within the last seven days on this campus, we have had three training exercises for faculty and staff on what to do in an event like this. >> sign of the times. police say another person transported to the hospital this afternoon after reportedly suffering a heart attack during all of, this shepard. >> shepard: what a day for those students in the library, cas
carefully after the bump up from hurricane sandy, it came right back down. that's a good sign that people are not getting fired. and second, an underrated index, the index of leading economic indicators. you saw the slump, that slump was around the middle the year as the whole economy was worrisome but look how well it's come back towards the back end the year. that i think is part of the scenario that we'll grow faster than we have. look at house, retail sales, look at manufacturing, look at other indicators, they've ended the past year pretty good and they are starting the new year pretty well, 2.5%, it ain't the greatest i rather have 5%. leapt us move on. big day for democratic senator diane feinstein. ban 150 types of hand guns and rifles. over time dry up the entire supply of weapons. while she's at it she forgot say that she's in complete violation of the second amendment. this is over the edge stuff with all due respect to miss feinstein. we'll be right back to cover it. . >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour you can say we didn't warn you.
1995 due to superstorm sandy. gorman did say on the call morgan stanley remains committed to it. simon, back to you. >> we should point out that% return is weak. pretty tepid. >> but better than what we have seen from the bank over theast couple of years, simon. >> thank you very much for that. one of the key take aways from the bank earning season now that most of the big guys have reported, neil wineburg is editor and chief, joining me here at the new york stock exchange. what did you say? >> it is a good news/bad news story. goldman sacks, morgan stanley did well. among the commercial banks, j.p. morgan did well but there is a lot of problems with mortgages and consumer related banking. that is obviously reflected in bank of america and city banks earnings which disappointed. >> do you think the bank stocks have done well? if we look at the laugh month, there's been a strong rotation, more aggressive rotation into the investment banks goldman sachs springs to mind. do you think that will continue in the first quarter should people swap out perhaps from the big consumer banks to seco
hurricane sandy. customers at its u.s. operations stocked up on consumer staples ahead of the storm. ahold runs giant carlisle super markets in the oouts which generate 60% of the group's sales. i have been a long time customer of stop and shop. i never knew it was owned by another company. >> is it general merchandise? >> yep. it's a big super market. so, yeah, it's interesting, though. 60% of their sales. wow. >> meanwhile, it was a happy christmas for british online fashion retailer atoff. 79.9 million pounds in december. as far as the stock was concerned, down slightly. but we get a bit ahead of the news and some taking on it. home retail sales are higher this morning. britain's biggest households retailer raised expectations. this is one unit up 2.7%, although sales home base was down 2.9% which is worse than analyst expectations for the stock, you can see. doing very well, indooet deed, up 17 pence. up over 14%. richard hertz joins us now. not bad numbers today from asos and home retail group, as well. how do you define the winners and losers from the christmas trading? >> difficult
sandy in october. the beach has been closed and guarded by police since then. last my, the city was awarded the -- night, the city was awarded the contract. the new boardwalk should be open memorial day weekend. >>> the sonoma county planning commission will decide if they will allow the state to install parking fee machines at the beaches. critics say it violents the state's constitution. it also makes it more dangerous for people who can't or don't want to pay for parking in safe areas. >>> well, in honor of the martin luther king, junior holiday next monday, there will be free admission at all national parks. the free day covers all of the national park services, 398 property the nationwide -- properties nationwide. at yosemite that's a savings of $20 per car. the rangers say winter is a beautiful time to come visit. >>> tributes are pouring in for conrad baine. >> the fact is, i adopted willis and arnold because they are great kids and i love then. >> he was best known for portraying mr. drumand, the father who adopted two african- american brothers. todd bridges says this i
anniversary of the sandy hook elementary school shooting. critics felt that the release of the game was poorly timed and that it was a political jab. they're asking for it to be removed from apple's app store out of respect for the victims. >> still ahead on kron4 morning news. the fda has approved a new flu vaccine. how it could be more effective in the event of an epidemic. plus, a new list of the top are earning on romantic hollywood couples. we will tell led the top spot next. ♪ [ m[ ale ane unceun] ev] y youy say nayto atoigarigte you ceu lebrebate ae itti wiw nicoretorte gu ghelphe calc youryo cravrgsg and mad kes yos u lesslerritre quit oitne cie garettreat aatm [ slasp! ] [ slap! apslap! apap! apap! ap ow! ow!ow [ ma[ le ann ancernc you y favofarite teodsoightigg fight ghback fckast wit tum t calcium-iurich tchs s starts wtsorkingki sfao you'loul forgfoet youyo had hadrtburt. ♪ tu m tum tum tum tumt ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious now all general mills big g kid cereals have more whole grain than
. >> this is a live look at the press conference underway right now in newtown, connecticut. >>> the sandy hook school support fund has received more than 8.4 million in donations. former connecticut senator joe leiberman is scheduled to meet with the newtown connecticut today to help determine the best use for those funds. >>> a hijacking scare on an alaska airlines flight may have been a hoax. the fbi got a call, there was a possible hijacker on the flight bound for -- for seattle. two planes escorted them to the airplane. they were found not to be a threat. >>> a bucket fell off a marine plane and crashed down through the roof of the business and damaged that rv. >> luckily, the shop was closed at the time and no one was hurt. >>> things do happen but i don't think is a chance for us to say, hey, well -- whatever. it's an opportunity for us to to look at the already good measures we have in place. >> 8:21. lady gaga fans turn out in force at last night's concert in san jose. ♪ >> how the popstar is using her tour to raise awareness. >>> you like the weather outside? steve is coming back, he has y
easily handle $700 billion a year. preempt hurricanes like hurricane sandy. you know whether that can happen remains to be seen. who will foot the bill? maybe investors and taxpayers. melissa: they argue a lot of private funding has to be involved. until it is profitable that is not going to happen. >> there you go. sure. lori: famous golfer phil mickelson has been making headlines lately. he has said he may leave the state of california because of the high tax rate. fellow golfer tiger woods backed him up saying tax rates were the reason he left for florida back in 1996. but it is not just sports elite that are thinking of leaving. fox's william la jeunesse is in los angeles with, who else might be leaving the maybe not so golden state, william? >> reporter: mickelson is not the only millionaire here. we have 34 thousand in california. i talked about 7. some already left the state. others want to. a state hoping to raise 5 to $7 billion from the 1% by charging them 13.3% in income taxes. >> if you have excessive regulations, and excessive tax, that's just not where you want to be. >>
christie, it is funny because ever since hurricane sandy there has been some conservatives, republicans that haven't been huge fans of chris christie and i wonder how that'll play out over the next few years. is that the way the party goes? or do they go in a completely different direction, do you think? >> be washed in journal article is an interesting point. we need a messenger, but we also need a message livery system. republican parties have been complaining about the mainstream media as if it is going to change because they complain about it. it is what it is. the fact chris christie has been focused on is because all the cameras have been focused on. chris christie said some things i might not agree with, but he's been a fine job as a governo thr of new jersey is a good example. if we have a messenger, we also need a message delivery system. the democrats in the obama campaign, i know some people in the obama campaign, they're able to get messages down to individuals. instead of just complaining about the mainstream media, let's buy some ads, let's buy some infomercials. not even
're very excited. dennis: is this a sandy sympathy thing? >> i don't believe it is, but i can see how those two things would tie together and it is reasonably impacted though we were very fortunate and did not get hurt too bad. dennis: what are you going to do to leverage off of this? >> we don't do a lot of paid advertising. wwe're doing a viewing party actually at our winery in long island on monday during the inaugural where people will have an opportunity to have an americana alongside this wine and some other offerings and watch the inaugural speech and some other proceedings. dennis: good merlot. sounds like a great combination. thanks for being with us. >> thank you so much for having me. dennis: have a great day. cheryl: it is 5:00 p.m. somewhere. from wind to freezing temperatures gripping th the wet coast. we will head out their lives in a special edition of our west coast minute. speak with one california grower that is trying to protect his crop and his investment. and the foot-long sub. but it turns out it may not be what it appears to be. we will explain. and i want take a loo
. they actually believe hurricane sandy was man-made and if they had their way 20 or 15 or 10 years ago it wouldn't have happened. there is no science to support that, i'm a lawyer and a legal scholar and television guy like the rest of us but that's just defies common sense. ashley: a multitude of other companies bringing companies that have all these government loans are taxpayer money that went down the drain. you blew that is unconstitutional. judge napolitano: talking about green companies receiving loan guarantee and went out of business and the feds had to pay off the loans, the fed meeting taxpayers or money borrowed from the chinese in the name of the taxpayers. present heavens is congress is congress, republicans and democrats engage so much in the president, so much ability to give these loan guarantees to companies other presidents choosing that this is now coming home to roost. republicans gave his power to george h. w. bush and george w. bush, democrats gave the power to jimmy carter and bill clinton, barack obama has exercised this power in ways that has frustrated everybody. repub
, mark sandy, others suggest it should be a 7% hit to gdp. so, simon, a big war of numbers, and big war of words on both sides, as we game out what happens, first with the debt ceiling, then we continue resolution, and also the sequester. simon? >> let's hope they rise above. thank you very much, steve liesman with the fiscal cliff. >>> it's been the trade of many people's lifetimes, but with the courages sill at multiyear lows. and the meeting next week, will the trade last? it's the "money in motion" section. good morning. >> good morning. good to be with you guys. what about this dollar/yen trade? obviously the dollar is substantially higher today, but monday/tuesday/wednesday, we've reversed the trend, the yen was actually higher. where do we go from here? >> i think steve's presentation is one of the reasons i'm cautious on this trade. we're within a whisker of the obvious target. i think that trade level will stall. to me i think the better trade is to take profits and go the short side. i would like to be a seller of dollar/yen at 9, if it breaks down to below 89 with a stop at 9
since 1995, disruptions to the oil and gas units by sandy and weaker than expected performance in credit. right now, carl, i have to send it back to you. >> mary thompson joining us talking ge. again, morgan stanley, the comments from sharon about ge, about margins and industrial growth, and also the dreamliner getting attention today. >> simon? >> there is a lot of back slapping here. we've got our first trade on the norwegian cruise lines. remember, the indicative price range was $16 to $18 a share, they priced above that at $19. now it's open at $25. so for those that are selling at the open there, it is a relatively small float, a huge initial profit. and this will be real good news for apollo, which is the venture capital part of the ownership structure. they basically rushed this ipo through very, very quickly, within a week, maybe ten days, in order to capture the higher valuations that you have with the likes of royal caribbean or carnival. they didn't even do a european road show. they just kept it focused on the united states. i'm told, the rumor is it was 15 times over subscri
deals for carry ranges, and the move comes after pressure from consumers following the sandy hook shooting. gun rights advocates are calling for a boycott of groupon. >>> a man in new ze land has come up with a controversial plan to save mative birds. he wants to get -- native birds. he wants to get kid of cats. he's not recommending people euthanize their cats but instead spay or neuter them and not release them when they die. the plan has many furious. >>> 8:19. and we're now learning a child was killed in a horrible crash on an icy highway in ohio. in all, 60 cars and 16 big rigs were involved in the pileup near natty yesterday. one 12-year-old died in the crash. dozens of others were hurt. investigators are blaming a spud -- blaming a sudden bust of snow for the pileup. >> inclement weather, heavy snow. the snow came down rather quickly, was sticking to everything, includes the roadway. >> at least 20 crash victims are still in the hospital. two of them are listed in critical condition. >>> 19 minutes after 8:00. the tattoos of 49ers' tattoos of clip, that artist is see -- of
what happens over the course of the next three to six months. between sandy and the fiscal cliff, and newton, there were so many things that could have impacted sales during that holiday season, that it will be interesting to see how the first action second quarter go. >> the site is gilt.com, that's g-i-l-t, not g-u-i-l-t. >> feels guilty. coming up, today's talks banks, boeing and more stocks on the move ahead of the opening bell. we'll check in with jamim crame at the new york stock exchange. >>> don't miss cnbc's coverage of the second inauguration of barack obama on monday morning starting at 11:00 eastern time. . they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's j
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